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BERRIEN WOODS, PHASE II

FHA Acquisition & Refinance

Endorsed March 10, 2011

FHA #04711090

Deal Details

Location
NILES, Michigan
Mortgage Amount
$1.7M
Units
56
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2011

Current Loan Status

Active
Outstanding Balance
$1.2M($1.7M original)
Interest Rate
3.98%
Maturity
April 2046(20 years remaining)
Original Term
35 years
Holder
Merchants Capital Corp.
Servicer
Merchants Capital Corp.

Source: HUD BF90 Active Insured Mortgages · Data as of February 2026

Data Sources

Endorsement data: HUD FHA Multifamily Firm Commitments and Endorsements Database

Active loan data: HUD BF90 Active Insured Mortgages, as of February 2026

hud.gov multifamily data

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